H.R. 5029 · 114th Congress
Small Business Lending Assistance Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
AguilarSponsor4 cosponsors · 4 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Small Business Act with respect to guarantee fees for small business loans.
What it does: CRS summary · Introduced in House · Apr 21, 2016
Small Business Lending Assistance Act of 2016
This bill amends the Small Business Act with respect to guarantee fees for small business loans.
The Small Business Administration (SBA) shall have discretion not to collect a guarantee fee for a loan repayable in one year or less.
The SBA may not, however, collect a guarantee fee in connection with a loan repayable in one year or less if it is made to a borrower that resides in a county with an annual unemployment rate for the preceding calendar year of at least one percentage point greater than the national annual unemployment rate for that year.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Lending Assistance Act of 2016
Latest action (Apr 21, 2016): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Apr 21, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.